Bleakley Financial Group LLC Invests $2.41 Million in Schwab Fundamental Emerging Markets Equity ETF $FNDE

Bleakley Financial Group LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 66,688 shares of the company’s stock, valued at approximately $2,405,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delta Asset Management LLC TN acquired a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter worth approximately $25,000. Phillips Financial Management LLC purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter valued at approximately $29,000. NBC Securities Inc. purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the 4th quarter valued at approximately $32,000. Finally, Russell Investments Group Ltd. raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock valued at $38,000 after buying an additional 712 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

FNDE stock opened at $41.13 on Thursday. The firm has a market cap of $9.59 billion, a PE ratio of 10.04 and a beta of 0.55. The firm’s 50 day moving average price is $39.67 and its 200-day moving average price is $38.46. Schwab Fundamental Emerging Markets Equity ETF has a one year low of $31.25 and a one year high of $41.78.

About Schwab Fundamental Emerging Markets Equity ETF

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of emerging market stocks. Its selection and weighting are based on three fundamental factors: sales, cash flow, and dividends\u002Fbuybacks. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.